CareCloud, the Miami-based cloud healthcare management solutions company, has raised a $20.1 Series A led by Intel Capital and Norwest Ventures. The round includes an approximately $3.8 million conversion of debt to equity.
4 min read · 27 September 2011
Zenverge Inc., the California-based multimedia solutions company, has completed a $20.5 million Series D round led by strategic investor Entropic Communications. New investors CID Group and the Woodside Fund also participated in the round. Other investors, including DCM, Norwest Venture Partners, Motorola Mobility Ventures, and Battery Ventures, also participated in the funding. Patrick Henry, president and CEO of Entropic Communications, to its board of directors.
4 min read · 26 September 2011
SI-BONE, the Calif.-based medical device company that treats the sacroiliac joint, received a $16 million round of funding that was led by Montreux Equity Partners in Menlo Park. Skyline Ventures also participated in the round. John Savarese, M.D., Managing Director at Montreux, will join the SI-BONE Board of Directors.
4 min read · 26 September 2011
New York-based private equity firm Bruckmann, Rosser, Sherrill & Co. made an investment in Magpul Industries, a Colorado-based maker of products for firearms. Specifics of the deal were not publicized. Integris Partners acted as exclusive financial advisor to Magpul in this transaction. SunTrust Bank, Regions Bank and Triangle Capital provided financing for the transaction.
2 min read · 26 September 2011
John Iwanski has been named managing director with Riveron Consulting, a service provider to private equity funds, among other clients. Prior to joining Riveron, Iwanski served as partner in Grant Thornton’s Transaction Advisory Services group.
2 min read · 26 September 2011
The America Invents Act takes effect over the next 18 months, with certain provisions such as fee setting to be determined under the regulatory authority of the Director of the USPTO, David Kappos. During the patent reform debate, concern for small business and inventors fueled hot rhetoric. But the America Invents Act distinctly improves U.S. patent law for small businesses by eliminating certain trouble spots, and bringing more certainty, simplicity and economy to the patent process, all of which allow greater patent participation by small businesses.
3 min read · 26 September 2011
Level Growth Equity Partners I, the fund from New York-based investor Level Equity, has raised $130 million from investors including corporations, endowments, funds of funds and entrepreneurs. Level Equity also announced Glen Shields as the fund’s Controller, and the addition of Christopher Isaac and Joseph McGroarty to the firm’s investment team.
2 min read · 22 September 2011
ZocDoc, the healthcare provider network, has increased its Series C round from $50 million to $75 million, with a little help from Goldman Sachs. DST Global had led the prior investment, in August. ZocDoc continues to plan to use capital for growth. The company has raised $95 million to date.
2 min read · 22 September 2011
Nukona Inc., the San Diego-based maker of mobile application software, has completed a round of funding led by the Startup Accelerator program at Citrix Systems. Specifics of the investment were not publicized.
2 min read · 21 September 2011
OmniCapital, the New Jersey-based investors, will provide backing for a Series A round of financing for One on One Ads Inc., based in the same state, which provides technology for mobile and online video creation. Bill Gourgey, OmniCapital advisor and former Accenture partner, will serve on the One On One board. Specifics of the deal were not publicized.
3 min read · 21 September 2011
